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City house price inflation to reach 10%

City house price inflation to reach 10%

City level house price growth is now running at 9.4% - faster than the 7.1% UK wide growth rate - and is set to reach 10% by the year end, according to Hometrack's UK Cities Index.

20 Nov 2015

Coventry for intermediaries cuts 90% LTV rates

Coventry for intermediaries cuts 90% LTV rates

Coventry for intermediaries has reduced interest rates across its range of residential mortgages at 90% LTV by up to 0.4%.

20 Nov 2015

Half of FTBs will shun Help to Buy ISA

Half of FTBs will shun Help to Buy ISA

Almost half of first time buyers (45%) claim they will not open a Help to Buy ISA, despite a potential bonus of up to £6,000 per couple.

20 Nov 2015

State benefits, mortgage protection and the importance of the 'protection conversation'

State benefits, mortgage protection and the importance of the 'protection conversation'

Over recent weeks, there has been a significant increase in the number of stories in the press about the growth of the protection market. It makes sense; as the economy continues to recover, corresponding growth of the protection market would be expected as a consequence.

19 Nov 2015

FSA's HBOS investigation was "materially flawed"

FSA's HBOS investigation was "materially flawed"

Andrew Green QC's independent assessment of the FSA's investigation into HBOS found that the FSA's initial decision-making process was "materially flawed".

19 Nov 2015

HBOS report: execs face ban over Bank's collapse

HBOS report: execs face ban over Bank's collapse

The review into the failure of HBOS has concluded that "ultimate responsibility for the failure of HBOS rests with the Board and senior management".

19 Nov 2015

Barclays hit with $150m forex-rigging fine by US regulator

Barclays hit with $150m forex-rigging fine by US regulator

Barclays Bank has been fined $150m by the New York State Department of Financial Services for internal systems and controls failures relating to foreign exchange.

19 Nov 2015

Resistance to robo-advice is futile, say financial forecasters

Resistance to robo-advice is futile, say financial forecasters

Financial forecasters eValue have discussed how the financial services industry can make the successful transition from face-to-face to online simplified advice.

19 Nov 2015

RBS to scrap staff bonuses as mis-selling risks continue

RBS to scrap staff bonuses as mis-selling risks continue

Royal Bank of Scotland has announced plans to scrap bonuses for its 20,000 branch staff in a bid to stop further mis-selling.

19 Nov 2015

NatWest launches mortgage application tracker

NatWest launches mortgage application tracker

NatWest Intermediary Solutions has launched a new 'real-time' online mortgage application tracking system which will enable brokers to monitor and manage the progress of each individual customer's mortgage application.

19 Nov 2015

 

Bridging lender sees rapid rise in rebridge enquiries

Bridging lender sees rapid rise in rebridge enquiries

Short term bridging loan company Mint has reported a rapid growth of enquiries about rebridging existing bridging loans, with around 20% of enquiries within the last quarter relate to refinancing existing bridges.

19 Nov 2015

Monthly mortgage lending at post-crisis high

Monthly mortgage lending at post-crisis high

Gross mortgage lending hit £21.8 billion in October - 8% higher than September's lending total of £20.1 billion, according to the CML.

19 Nov 2015

What second charge questions should every broker ask?

What second charge questions should every broker ask?

With a recent survey suggesting that brokers still feel that second charge loans are too expensive, Tim Wheeldon, Joint Managing Director at Fluent Money, insists that intermediaries need to look below the surface before making recommendations which might not be in their clients' best interests.

19 Nov 2015

Non-dom and Stamp Duty changes fuel domestic sales

Non-dom and Stamp Duty changes fuel domestic sales

Sales activity from domestic buyers has surged forwards to fill the gap left by overseas buyers and investors, who have been left more cautious by the strong sterling, stricter Government measures on non-domicile status, and heftier Stamp Duty for higher value purchases.

19 Nov 2015

Search Acumen doubles market share

Search Acumen doubles market share

Search Acumen, the conveyancing search provider, has marked its second anniversary by achieving its target of doubling its residential market share in just 12 months.

19 Nov 2015

Leeds launches high LTV discount range

Leeds launches high LTV discount range

Leeds Building Society has added to its range of discount mortgages with two new higher LTV products.

18 Nov 2015

Housing Shortage Sees Development Finance Soar

Housing Shortage Sees Development Finance Soar

Given the UK's extreme housing shortage, it's no surprise that one of the major growth areas over the past 12 months has been property development.

18 Nov 2015

Keeping the punch at arm's length

Keeping the punch at arm's length

A big insurance group recently took to social media advising SMEs to "be brave, and plan for the worst". Both of these ideas seem to be promoting the idea that risk is a good thing. Risk boosts growth, risk encourages passion, risk is positive.

18 Nov 2015

Y3S launches bespoke PI policy for ARs

Y3S launches bespoke PI policy for ARs

The majority of Appointed Representatives of mortgage networks are confused about their choices when it comes to introducing second charge loan enquiries to third parties for processing, according to Y3S Loans.

18 Nov 2015

Skipton cuts 90% LTV New Build rates by 0.80%

Skipton cuts 90% LTV New Build rates by 0.80%

Skipton Building Society is launching revised New Build and Help to Buy product ranges with rate cuts of up to 0.80% on 90% LTV new build products.

18 Nov 2015

Kensington sees record month as applications soar 50%

Kensington sees record month as applications soar 50%

Kensington has today released figures showing that it experienced a record month in October, with mortgage applications and completions hitting their highest level since the lender relaunched in 2009.

18 Nov 2015

The Cambridge to offer proc fees for retention deals

The Cambridge to offer proc fees for retention deals

The Cambridge Building Society has become the first mutual to offer intermediaries procuration payments when they re-place a customer's mortgage upon maturity of their existing product.

18 Nov 2015

Virgin sees 38% lending growth following intermediary drive

Virgin sees 38% lending growth following intermediary drive

Virgin Money says that a strong intermediary performance to-date has supported significant growth in its mortgage business, with gross mortgage lending growth of 38% in the first nine months of 2015.

18 Nov 2015

Precise launches limited edition BTL exclusives

Precise launches limited edition BTL exclusives

Precise Mortgages has launched a limited edition range of buy to let exclusives including a lifetime tracker rate reduced by 0.26% to 3.49%.

18 Nov 2015

FCA launches review into asset management competition

FCA launches review into asset management competition

Over the next year, the FCA will review competition in the asset management industry, assessing how managers compete to deliver value, whether they are able to control costs along the value chain, and what effect investment consultants have on competition for institutional asset management.

18 Nov 2015

Leeds BS to offer same-day valuations

Leeds BS to offer same-day valuations

Leeds Building Society has changed how it instructs surveyors for valuations to help to speed up the mortgage application process.

18 Nov 2015

Remortgaging activity soars 53% year-on-year

Remortgaging activity soars 53% year-on-year

Remortgaging activity in the UK has soared by 53% over the past year, according to research from Connells Survey & Valuation.

18 Nov 2015

Ageing "poses risk to UK economy", argue industry leaders

Ageing "poses risk to UK economy", argue industry leaders

A group of national and international companies, including Aviva, Royal London and Zurich, have signed an open letter and pledged to "work over the next five years to help make our ageing society and economy more sustainable".

18 Nov 2015

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